Waiting could cost you more in the long run than buying right now.
House prices have been rising ever since 2013, and this past year, we saw incredible price appreciation. This also comes at a time when interest rates are extremely low. Today I’m joined by Joe Long of Guild Mortgage to discuss the cost of waiting for first-time homebuyers and more.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
0:18 — Introducing today’s topic
0:39 — Price appreciation since 2013
1:22 — Low interest rates and affordability
3:15 — The reality of waiting and saving money
3:48 — PMI is not as expensive
4:52 — How could home values drop?
5:30 — Waiting is a losing strategy
6:11 — Wrapping up
If you have any further questions, please feel free to reach out. I am always willing to help.